January 30, 2018 / 3:54 PM / 9 months ago

BRIEF-Cellcom Israel Reports Submission Of Creditors Arrangement Proposal In Eurocom By Discount Investment Corp

Jan 30 (Reuters) - Cellcom Israel Ltd:

* SAYS CO’S ‍CONTROLLING SHAREHOLDER ANNOUNCED SUBMITTING A CREDITORS ARRANGEMENT PROPOSAL IN EUROCOM​

* SAYS PROPOSAL ‍INCLUDES PURCHASE OF SOME HOLDINGS OF EUROCOM GROUP IN CERTAIN UNITS AS WELL AS AN INVESTMENT IN EUROCOM ITSELF​

* SAYS ‍DISCOUNT INVESTMENT CORP CLARIFIED PROPOSAL NOT YET APPROVED BY ITS BOARD, IT HAS NOT YET FORMULATED FINAL PRINCIPLES FOR ARRANGEMENT​ Source text for Eikon: Further company coverage:

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